It is with great excitement that I inform you of important news regarding the Truesense Imaging business. Yesterday, ON Semiconductor announced the signing of a definitive agreement to acquire Truesense Imaging from Platinum Equity. This is a tremendously positive step forward for all involved.

Platinum Equity completes a successful investment in our business and helps us become part of a world-class global semiconductor company. ON Semiconductor, through the acquisition, significantly expands its image sensor business and participation in industrial and medical applications, consistent with its corporate objectives and strategies. Our business, as part of ON Semiconductor, will enjoy an even broader product portfolio, access to additional technologies, increased product development capability and manufacturing capability, and access to ON’s worldwide logistics and sales channel. All of which enables us to offer our customers the world’s broadest portfolio of high-performance image sensors in both CCD and CMOS technologies. For our customers, our suppliers, and our employees this is exceptional news.

Over the coming weeks we will be working to finalize many aspects of this acquisition. As more details become available, we will keep you informed through future communications. In the meantime business remains as usual. You can continue to place orders and make payments as you have been.

I am convinced that joining a world class semiconductor company like ON Semiconductor will make us a better, stronger business and I am more excited than ever about the possibilities that the future holds. If you have questions after reviewing this information, please do not hesitate to contact me, your local sales manager, or our customer service team.